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Selected Financial Statement Information for Filmco Appears Below Calculate the Amount of Cash Collected from Customers and the l

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Selected financial statement information for Filmco appears below:
 Balance Sheet accaunts  Jan. 1, 2010  Dec. 31, 2010  Inventary $210,000$85,000 Accounts Receivable $90,000$45,000\begin{array} { l r r } \text { Balance Sheet accaunts } & \text { Jan. 1, 2010 } & \text { Dec. 31, 2010 } \\\text { Inventary } & \$ 210,000 &\$ 85,000 \\\text { Accounts Receivable } & \$ 90,000 &\$ 45,000 \\\end{array}
 Selected financial statement information for Filmco appears below:   \begin{array} { l r r }  \text { Balance Sheet accaunts } & \text { Jan. 1, 2010 } & \text { Dec. 31, 2010 } \\ \text { Inventary } & \$ 210,000 &\$ 85,000  \\ \text { Accounts Receivable } &  \$ 90,000 &\$ 45,000 \\  \end{array}       Calculate the amount of cash collected from customers and the amount of cash spent on inventory for 2010 by Filmco.
Calculate the amount of cash collected from customers and the amount of cash spent on inventory for 2010 by Filmco.

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